KPG Funds and Intercontinental Real Estate Corporation explore digitized works of art with the opening of “People 13, 2014” by artist Julian Opie

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New office space adds exclusive artwork to the many amenities offered by the exclusive property

NEW YORK, March 21, 2022 /PRNewswire/ — 2 Crosby recently launched “The Lobby” and officially completed the bespoke multi-million dollar redevelopment at the corner of Howard and Crosby Street. The lobby features a unique LCD installation by Julian Opie. The outstanding artwork titled People 13, 2014, is an 11 inch by 144 inch LED wall banner depicting digitized people walking. by Julian Opie is known for artistic themes of engagement with art history, the use of new technologies and his obsession with the human body.

“We are thrilled to be able to offer our tenants such a special art installation that encapsulates SOHO way of life,” noted Greg KrautCEO of the KPG Fund.

The new lobby at 2 Crosby is one of the many amenities of the exclusive property, which also includes two private elevators, state-of-the-art telecommunications and luxurious office amenities. The final space available at 2 Crosby is 3,906 square feet of office space on the second floor. The rest of the space was leased to notable tenants; Rick Owens and Maria Tash.

“We are thrilled to bring a revolutionary blend of high-end form and function to the Soho/New York real estate market,” said Peter Palandjian, Intercontinental President and CEO. “This project gave us the opportunity to combine historical architecture and trendy innovation.”

“This area has a dynamic that reflects SoHo in the 90s and our award-winning style design reflects the combination of an upscale modern hotel and creative office,” said Rod Kritsberg, Founder and Managing Director of KPG. “We’re excited to tap into that energy and create a ‘lifestyle’ product to match it. Everything we’ve planned for the building is in line with the look and feel of the neighborhood. We’ve planned something something special for office interiors and with our top design and construction team it will be of the highest quality that exceeds even the posh standards of the location.”

About K Property Group LLC

K Property Group (“KPG”) is a fully integrated property investment platform with asset management, leasing and construction management capabilities. With over 35 years of combined experience, his mission is to acquire and reinvest in value-added, commercial and mixed-use properties. KPG targets underperforming and unstabilized properties in New York where it can generate value through capital improvements and strategic relocation. KPG leverages its extensive network and market knowledge, which supports a demonstrable track record of unique off-market sourcing. KPG delivers long-term value to its partners and investors, both institutional and private. Additional information about KPG and a selection of current holdings and previous transactions can be found at www.KPropertyGroup.com or by calling Gregory Kraut at 212-359-0743.

About the Intercontinental Real Estate Company

Intercontinental Real Estate Corporation is an SEC registered investment adviser with decades of experience in real estate investing, finance, development, construction management and asset management. Since 1959, Intercontinental and its subsidiaries have managed, developed or collectively owned more than $18.5 billion In the real estate. Today, Intercontinental manages a real estate portfolio of approximately $13.5 billion for its customers. Intercontinental’s portfolio is diversified both by a strong real estate mix and by geography. The fund strategies actively seek investment opportunities in Core and Core-Plus properties, as well as value-added operating properties and development projects. To visit www.intercontinental.net for more information.

Contact: Greg Kraut646-665-4508, [email protected]

SOURCE KPG Funds

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